Home sales have plummeted to their lowest in 13 years as 8% mortgage rates batter the housing market

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Mortgage home sales
Sky-high mortgage rates keep battering the US housing market, with the 30-year fixed mortgage clocking in at 8% this week.

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The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says

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Home prices could jump 5% in the next 12 months as high mortgage rates freeze the housing market, Zillow economists say

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Home prices
Home prices will jump by 4.9% by August of next year, Zillow economists warned.

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America's housing market is so tight that even Wall Street giants can't find homes to buy

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The delayed effect of mortgage rates means housing affordability is actually about to get worse

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Home prices are set to jump 0.7% year-per-year, notching a new all-time-record, according to Morgan Stanley.

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US home prices are nearly back to all-time highs reached last summer

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Some of the most active homebuyers during the COVID-19 pandemic are now pumping the brakes on purchases.

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American homes are shrinking, but it isn't making houses any more affordable

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Like other government-backed loans, FHA interest rates are typically lower than conventional loan rates.

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Housing is even more unaffordable than it was at the peak prior to the 2008 crisis, as mortgage rates touch 23-year highs

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